GECC subsidiary TIP sells last of trailers

Road

Tuesday, July 10, 2012

A fleet of about 27,000 road trailers previously owned by the Transport International Pool, Inc. (TIP) subsidiary of General Electric Capital Corp. was acquired Tuesday by Wood Creek Capital Management, Bowman Sales and Equipment, and Milestone Trailer Leasing. The acquisition includes all of TIP’s remaining U.S.-based trailers. The majority of the trailers will be owned by Wood Creek affiliates and managed and operated by Trailer Leasing Alliance and Quest Capit...

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